—Dynamic spectrum allocation has proven promising for mitigating the spectrum scarcity problem. In this model, primary users lease chunks of under-utilized spectrum to secondary ...
The monopolist’s theory of optimal single-item auctions for agents with independent private values can be summarized by two statements. The first is from Myerson [8]: the optim...
We consider the problem of online keyword advertising auctions among multiple bidders with limited budgets, and study a natural bidding heuristic in which advertisers attempt to o...
Christian Borgs, Jennifer T. Chayes, Nicole Immorl...
A common objective in mechanism design is to choose the outcome (for example, allocation of resources) that maximizes the sum of the agents' valuations, without introducing in...
Krzysztof R. Apt, Vincent Conitzer, Mingyu Guo, Ev...
Market mechanisms play a central role in AI as a coordination tool in multiagent systems and as an application area for algorithm design. Mechanisms where buyers are directly clea...